Oil Refiners Benefit from Improved Profit Margins Amid Crude Price Drop

Following the reopening of the Strait of Hormuz and a ceasefire agreement between the U.S. and Iran in mid-June 2026, crude oil prices have dropped significantly while refined product prices remain high, leading to record refining margins for oil refiners globally.

By Julianne Geiger Tue, July 14, 2026 at 2:00 AM GMT+3 5 min read · Yahoo Finance · July 13, 2026, 23:00 UTC

Oil Refiners Benefit from Improved Profit Margins Amid Crude Price Drop

Topics: crude prices gasoline oil refiners Strait of Hormuz

Read the full article at Yahoo Finance

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